spesfinancial

AUDUSD Testing key resistance zone

FX:AUDUSD   Australian Dollar/U.S. Dollar
64 0 6
a year ago
AUDUSD             is testing the key resistance zone. We have horizontal resistance, downside trendline resistance,and fib 38.2 resistance all existing here. A strong green candle above this zone may lead to a short-term bullish retracement, but a weak candle below this zone may push the price to continue it's bearish trend . Let's see what will happen very soon.
a year ago
Comment: Unexpected high employment change push the growth of AUDUSD, the long-term bias may change. Wait for the consolidation after this short-term bullish trend, and we may look for long if price could breaks the day downside trendline.
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